This Book is So Me

Writing this introduction is a labor of love for me. You know how women sometimes say to each other “This dress is you!”? Well, this book is me! This was the first book on economics that just jumped out and grabbed me. I had read a few before, but they were boring. Very boring. Did I mention boring? In sharp contrast, Economics in One Lesson grabbed me by the neck and never ever let me go.

The Over-reliance on State Classifications: “Employee” and “Shareholder”

The state takes over and corrupts many institutions and aspects of life--roads, communications, law and justice, healthcare, money, defense, police, finance and banking, and education (see, e.g., Hoppe’s Banking, Nation States and International Politics: A Sociological Reconstruction of the Present Economic Order. In so doing they gradually infiltrate language and even our concepts with official state classifications.

Employee

Not All News Is Bad

Already, you can see that the political constellation is lining up in a way that is more friendly to the cause of liberty. The Democrats are up to their old tricks, which are transparently dumb and dated. The Republicans are responding with smart and sound criticisms. The government looks poised for a fantastic gridlock that will let the liquidation take place so that we can move toward a good recovery.

There is plenty to regret about Obama’s victory, but the first impressions of the political dynamic that is playing out looks like it could mean good things for the future.

The Economics of Destutt de Tracy

Destutt de Tracy

Antoine Louis Claude Destutt de Tracy (1754–1836), a French philosopher and economist, is worthy of attention as a contributor to French liberal thought in the tradition of Condillac. Tracy’s deductive methodology, his liberal approach to governmental affairs, and his subjectivism qualify him as a proto-Austrian economist who enjoyed considerable influence not only in France but also around the world.

“Neanderthal” Economics

It seems the Austrian economist possesses more truth in his pinky finger than Paul Krugman in his entire Nobel Prize–winning body. What other explanation can there be for Krugman’s consistent policy “solutions” to the current economic crisis, which would actually exacerbate the problem and lead to a deepening and prolonging of a recession?